The central bank of Azerbaijan left the discount interest rate unchanged at a three-year high of 7.75% on April 29th 2022, citing no changes in the inflationary environment. The central bank recognized that although imported inflation continued to rise, it was significantly limited by surpluses in the external accounts and by strengthening nominal effective exchange rates. Policymakers also noted that inflation expectations by households declined, and forecast inflation to gradually return to target in the medium term. Looking ahead, the central bank sees an increased likelihood of a current account surplus for the whole of 2022. source: Central Bank of the Republic of Azerbaijan
Interest Rate in Azerbaijan averaged 6.86 percent from 2005 until 2022, reaching an all time high of 15 percent in September of 2016 and a record low of 2 percent in December of 2009. This page provides the latest reported value for - Azerbaijan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Azerbaijan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Interest Rate in Azerbaijan is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Interest Rate is projected to trend around 7.00 percent in 2023, according to our econometric models.